retail
PDD Holdings (NASDAQ: PDD) stock price is doing well as investors cheer its strong performance. It has surged by over 130% in the past 12 months and by 620% in the past five years, giving it a market cap of over $200 billion. PDD faces substantial risksPDD Holdings, the parent company of Pinduoduo and Temu, has been one of the best-performing companies in the past few years. Its annual revenue has soared from over $4.3 billion in 2019 to over $34 billion in 2023. It has also moved from a net loss of over $1 billion in 2019 to a profit of more than $8.4 billion. In its recent report, the compan...
Invezz
GigaCloud (NASDAQ: GCT) stock price plunged hard this week after a research firm poked holes into its remarkable growth. It crashed to a low of $25.20, its lowest level since March 27th this year. It has moved into a deep bear market, falling by over 33% from its highest level this year. Concerns about GigaCloud risesGigaCloud Technology has been one of the most popular stocks in Wall Street this year. It has soared by over 445% in the past 12 months and by 63% this year. In this period, it has outperformed the S&P 500 index and other popular e-commerce companies like Amazon, Alibaba, and eBay...
Invezz
Oggi, Lowe’s Companies Inc. (NYSE:LOW) ha riportato i suoi utili del primo trimestre 2024, superando le aspettative degli analisti sia per quanto riguarda i ricavi che per l’EPS. La società ha ottenuto un EPS non GAAP di 3,67 dollari, ovvero 0,71 dollari al di sopra delle stime. I ricavi hanno raggiunto i 21,4 miliardi di dollari, superando le proiezioni di 300 milioni di dollari, nonostante un calo del 4,3% su base annua. Le vendite comparabili per il trimestre sono diminuite del 4,1%, evidenziando le sfide in corso nel segmento del fai da te. Tuttavia, i guadagni nel segmento Pro e nelle ven...
Invezz - IT
Asda ha registrato un nuovo calo delle vendite, classificandola come la catena di supermercati con le peggiori prestazioni nelle ultime 12 settimane, terminate il 12 maggio. Secondo i nuovi dati di Kantar, le vendite di Asda sono diminuite del 2%, dopo un calo dello 0,4% nelle 12 settimane precedenti. Questo calo sottolinea la lotta del supermercato per stimolare la domanda in un contesto di crescente concorrenza e di un pesante debito. Anche la quota di mercato di Asda è diminuita, scendendo al 13,1% dal 13,9% di un anno prima e in calo significativo dal 14,8% all’inizio del 2021. Al contrari...
Invezz - IT
Earlier today, Lowe’s Companies Inc. (NYSE:LOW) reported its Q1 2024 earnings, exceeding analysts’ expectations for both revenue and EPS. The company achieved a non-GAAP EPS of $3.67, which was $0.71 above the estimates. Revenue reached $21.4 billion, surpassing projections by $300 million despite a 4.3% year-over-year decline. Comparable sales for the quarter were down 4.1%, highlighting ongoing challenges in the DIY segment. However, gains in the Pro segment and online sales provided some offset. Importantly, Lowe’s reaffirmed its full-year outlook, anticipating total sales between $84 to $8...
Invezz
Today's youth have developed a habit of purchasing clothing items through fast fashion sites online, but their enthusiasm over their purchases is rarely lasting. The trend involves young people scrolling through Chinese fast fashion retailer Shein or TikTok Shop and regularly making big orders. The incentive to shop on fast fashion sites is attributed to the quick turnaround customers endure from ordering to receiving the items, plus the cheap costs of the clothes. What makes these young shoppers addicted to frequent purchases on Shein and TikTok Shop is the thrill of blackout shopping rather ...
IBTimes
Marks & Spencer’s (LON: MKS) share price will be in the spotlight next week as the company publishes its preliminary financial results. It has done well ahead of these results as it jumped to 276.9p, its highest swing since January 10th. Interim earnings aheadMarks & Spencer, the giant British retailer, will publish its interim result, providing more colour about its transformation. These results will show that UK retailers and the economy are doing well. A recent report revealed that the economy emerged from a recession in the first quarter. A separate figure showed that the country’s retail ...
Invezz
GameStop Corp (NYSE: GME) opened about 20% down on Friday after filing to sell additional shares in an at-the-market offering. How many shares does $GME plan on selling?The video gaming merchandise retailer plans on offering 45 million shares in total. What it plans on doing with the proceeds, however, remains unclear. $GME is opting for a stock sale shortly after a brief return of the meme stock craze that saw its shares trade at a high of about $65. But they crashed sharply after the short squeeze and are now trading at $22 and change. The massive gain in GameStop stock that lasted hardly fo...
Invezz
Kingfisher (LON: KGF) share price has continued its short squeeze this year as investors bet on its recovery. It surged to 270.5p this week, its highest level since March 2023. It has soared by over 36% from its lowest level in 2023. Kingfisher’s earnings aheadKingfisher has become one of the biggest retailers in the UK. While its name is not well-known, its brands like B&Q, Castorama, ScrewFix, and TradePoint are well-known in Europe. Most of its sales are in the UK, Ireland, and France. Unlike its peer brands like Home Depot and Lowe’s, Kingfisher’s business did not boom during the Covid-19 ...
Invezz
Costco Wholesale Corporation (NASDAQ: COST) is trading at an all-time high after Uber Eats teamed up with the retail behemoth on Thursday. Details of Costco-Uber partnershipUsers can now have groceries and other merchandise delivered from Costco via Uber Eats. Members of the wholesale club will get better pricing as well as a 20% discount on Uber One. $COST is now trading at a forward price-to-earnings multiple of nearly 50 which makes it even more expensive than Nvidia at 36 only. And that’s when the semiconductor behemoth is expected to roughly double its earnings over the next year while Co...
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